Tuesday, September 14, 2010

Atlantic City Casino Revenue Falls By About 11% In August Amid Pennsylvania's Table Games Debut

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The first full month of table games at Pennsylvania's casinos certainly affected the casinos in the neighboring state of New Jersey.

The 11 casinos in Atlantic City, N.J., reported a decline of 11.3 percent in August revenues when compared to the same month last year. The 11 casinos reported $347.5 million in August. Slot revenue was $245.1 million, a decline of 11.3 percent from the same period last year while table game revenue was $102.4 million, a decrease of 11.4 percent.

Pennsylvania's state gaming board has yet to release table game revenues for the month of August.

Slot revenues for the month of August have, however, been released. Mohegan Sun at Pocono Downs' slot revenues for August decreased by 0.7 percent compared to August 2009. Pocono Downs' two closest competitors reported mixed results: Sands Bethlehem Casino reported an increase of 11 percent in August slot revenue while Mount Airy Casino reported a decrease of 4.8 percent.